Patrick Parsons, provider of multi-disciplinary engineering consultancy services to commercial, industrial and housing developers, has been acquired by private investment firm, Rcapital, bringing additional financial firepower and support for the firm’s long-term growth strategy.
Patrick Parsons focusses on helping clients assess, design and overcome the most complex of engineering challenges across a range of sectors. Operating from four sites – its HQ in Birmingham, London, Wakefield and Ashvale – the business provides a range of connected engineering services including Structural, Civil and Geo-Environmental consulting engineering services, competences the firm has developed over many years, and for which it has built a strong industry reputation.
The firm is also announcing new investment in talent and is recruiting a minimum of ten new engineers so that it can service growing work levels from both existing and new clients. It is planning to add an additional five engineering apprentices, who will join the apprentices already working across the business. It is also investing in a comprehensive programme of training and development to help it attract the best talent and leaders of tomorrow.
Gail Bamforth, CEO of Patrick Parsons, said: “We have a new partner and investor in Rcapital, which puts us in a strong position financially and provides significant momentum behind our ambitious growth strategy and plans for the future.
“I am very pleased that the growth strategy is already paying dividends with the business performing well, and levels of secured work have already returned to pre-pandemic levels. We have also secured some fantastic new mandates and have more opportunities in the pipeline.”